Brand – It is an identifying symbol, words, or mark that recognize a product or company from its rivals.
A brand is a guarantee. Branding is most typically associated with marketing elements like names, trademarks and logos. A well-understood brand is recognized by people generally, quite often even if they have zero knowledge about the company and their services or products.
Some objectives to accomplish a good brand involves:
Clear delivery Of message
Confirms worth of faith
Inspires the customer
Concretes user trustworthiness
Emotionally achieve the target outlook
Areas to be focused by Brand Marketing
Brand Message – Develop a story with the message in it.
Brand Image – This image verbalize the “Brand Promise”
Brand Consistency – This makes sure about the logo, name, trademarks, elements like font, color, size were used steadily towards service, across multiple marketing, communication strategies etc.
Brand consciousness – Marketers make the awareness of the brand through certain tactics
Brand Tracking – Keeps track of how the brand is appreciated or perceived in the market
The brand is the experience and feeling customers have in your company.
Benefits of Branding to a business
Identification & Loyalty
The major advantage of branding is that buyers are much more likely to remember your business.
A powerful brand will deliver an image of large and established business to your potential customers. Generally people associate branding with bigger companies that can invest on advertising and promotion. Effective branding creates an image of looking as higher or more bigger business than actually it is.
The size and establishment of a company is also important because it creates a reassurance in the people that you will be there for longer time to help out them.
The strong brand name projects the quality of the product or service in your business. Public focus the brand as the part of the product or service that shows the feature and its value.
Its the myth that people usually believe the product that has high quality which has the strong brand name, if you show them with two or more identical items.
The effective branding can create a image of quality in your business that will go up over a time. Especially the branding in your product doesn't give quality, but bad publicity will damage your image and spoil your business. Moreover it continues for a long period of time, then the name of the brand will spoil of the business. This will drop down the sale of product or service.
The strong brand indicates the business by the company is been surviving for a long period of time and image of it is well known to all. The branded enterprise is more likely to be seen as experiences in their products or service and it will usually seem to be as more reliable and trust worthy product than an Most people will believe that a business would be hesitant to put their brand name on something that was of poor quality.
The strong brand for a business will lead you in several and different variety of products or ranges.
A good brand will keep the mindset of purchasing another product from you in the customers.